Whole of Life
This is typically a life insurance policy that ensures that no matter when you die, your loved ones will receive a lump sum pay-out from your insurer. This is in contrast to Term Assurance, which only guarantees that you will get a pay-out should you die within a specified term. Whole of Life would typically be more expensive because there is no fixed term.
Whole of Life is designed to pay for funeral expenses, to leave a small legacy to family, etc.
As with all insurance policies, conditions and exclusions will apply.
Contents Insurance
Contents insurance pays for damage to, or loss of, an individual’s personal possessions, that is things that aren’t fixed to a person’s home and you would expect to take with you should you move. Some contents insurance policies also provide restricted cover for personal possessions temporarily taken away from the home by the policyholder. Contents insurance is quite often combined with buildings insurance but, unlike buildings insurance, it is not a condition of the mortgage. The insurer usually provides a discount if both are taken.
As with all insurance policies, conditions and exclusions will apply.
Building Insurance
Buildings insurance covers the cost of repairing damage to the structure of your property. It usually covers loss or damage caused by fire, explosion, storms, floods, earthquakes, etc.
Whether you’re a landlord or an owner-occupier, buildings insurance isn’t compulsory under the law. However, if you have a mortgage then buildings insurance will be a condition of the mortgage and must be at least enough to cover the outstanding mortgage. Your lender should give you a choice of insurer or allow you to choose one yourself. If you buy a house you should take out buildings insurance when you exchange contracts. If you sell a house you are responsible for looking after it until the sale is completed so you should keep your insurance cover until then.
As with all insurance policies, conditions and exclusions will apply.
Life Assurance
Term assurance plan is a form of life cover. It provides coverage for a defined period of time and if death occurs during the term of the policy then death benefit is payable to the beneficiary. An alternative to term assurance is decreasing term insurance. Here, the sum insured reduces over the term of the policy – which means the premiums can be less than for a level term policy (all other things being equal). Unlike with level term cover, the amount of cover then falls – monthly or annually – over the term of the plan. The cost of a policy is determined by a number of factors including your current health status, age, your occupation, and smoking status, lifestyle.
As with all insurance policies, conditions and exclusions will apply
Why Choose Us?
- We work with some of the UK’s largest and most instantly recognised insurers.
- Our advice is always bespoke to your circumstances and your budget.
- We compare the features and benefits from the various providers ensuring we advise the right plan to meet your need.
Critical Illness Insurance
This is also known as critical illness cover (CIC) or serious illness cover (SIC). It can offer a degree of financial security in the event of you becoming seriously ill. It typically pays out a lump sum if you are diagnosed with a defined critical illness during the plan term. It can be set up on a standalone basis or with the combined benefit of life cover (accelerated benefit). It can also be level, decreasing or severity based. It can be set up on a standalone basis or with the combined benefit of life cover (accelerated benefit). It can also be level, decreasing or severity based.
As with all insurance policies, conditions and exclusions will apply
Why Choose Us?
- We work with some of the UK’s largest and most instantly recognised insurers.
- Our advice is always bespoke to your circumstances and your budget.
- We compare the features and benefits from the various providers ensuring we advise the right plan to meet your need.
Income Protection Insurance
Income Protection Insurance is a long-term insurance policy to help you if you can’t work because you’re ill or injured. As the name suggests it protects your income and as that income lasts throughout your working life, the term generally coincides with your chosen retirement date. Quite often though, it is sold in conjunction with a mortgage to protect the outstanding debt over the term of the mortgage.
Income protection can give you protection for loss of earnings and can prove to be an asset when you need it most.
As with all insurance policies, conditions and exclusions will apply
Why Choose Us?
- We work with some of the UK’s largest and most instantly recognised insurers.
- Our advice is always bespoke to your circumstances and your budget.
- We compare the features and benefits from the various providers ensuring we advise the right plan to meet your need.